This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $82,110 initial cash invested.
-12.41%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$2,137
Rent
-$849
Cashflow
Cash Flow
$2,137 income − $2,986 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,110
Downpayment
20%
$78,200
Closing costs
1%
$3,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,137
Total Expenses
$2,986
Mortgage P&I
93%
$1,992
Property Taxes
10%
$206
Home Insurance
6%
$137
HOA
4%
$95
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0